 Bob Hutt, Owner and President of FLS, Inc.
Bob was born and raised in New York City. Bob's the President and creator of Fantasy Lane Stable, as well as a successful businessman. Bob and his two sons also own and manage a successful financial consulting business.
Bob's privately owned {CalHutt Stable} and managed over 70 horses before commencing Fantasy Lane Stable more than a decade ago back in 1999 to honor his father, David Hutt, and now, his late great best friend trainer Alan Seewald.
Click here: YouTube - TVG Feature on Uptowncharlybrown
FLS has become a family where friends meet friends similar to the long running sitcom on NBC CHEERS. On any weekend you can find at least 2 dozen partners at the barn watching our horses train {you are always welcome} and sharing a laugh. The barn has become a social club as our love for these magnificent animals has brought us all together. We do hope that you decide to join us.
FEES: Everyone loves to get paid for their services as that's the American way. At FLS we don't have any hidden charges or "sticker shock" as one might experience in buying a car. Everything is on the up and up and is spelt out in the Agreement. You can get involved in the Sport of Kings for as little as $675 complete; and, that includes all training expenses for the first year.
TRAINING EXPENSES: There are never any hidden charges. We hope that the horse will race as a two-year old. But half of all two-year olds sometimes don't start for a variety of reasons until they are three. Assuming the worst case scenario, for those partners owning a full share {2.99%} your cost is $800 every six months. For a half share 1.5%} it's $400 every six months; and for those partners owning a quarter share {.75%} it's $200 every six months {semi-annually}.
It's not the cost of purchasing the horse that eats owners up alive in the very expensive Sport of Kings, but rather training expenses. If you owned a horse by yourself, even a low level claiming horse, you're looking at paying approximately $4,000 per month.
This is why partnerships prove so attractive to so many people. When you own a horse by yourself you need to factor in training, veterinarian, medications, blacksmiths, therapists, equipment, shipping, etc.
At Fantasy Lane Stable we figured out a way to really make training a non factor while buying a good horse with an upside. It's never a guarantee but when you spend modest sums on purchasing horses {less than $100,000} and consistently wind up with 5 stakes horses in 8 years it proves it's just a little bit more than luck.
EXIT STRATEGY: Some partnerships buy claiming horses in which the training expenses far outweigh the initial investment. Yes they can advertise buying into a horse for next to nothing. But, the truth be told, if they gave you the horse for FREE, the training expenses can eat you alive.
At FLS we do not believe in throwing good money after bad. It's unrealistic to think that every unraced horse we or any partnership buys is going to be of stakes caliber. No one is capable of doing that as buying horses is never an exact science.
If we find that a horse does not live up to expectations we have no qualms about saying so. We then place the horse in a claiming race in order to have it pay its own way. Eventually it will be claimed thus dissolving/ending the partnership.
And if the horse must be retired we find it a good home. We are very proud to be associated with the Thoroughbred Retirement Foundation. One of our lifelong FLS partners Regina Schneller is counsel to the TRF. Every FLS horse is followed forever. And no matter what, when the time comes that the horse must be retired, the TRF is always there with us to find it a good home. Click here: Thoroughbred Retirement Foundation (TRF)
After winning a stake race one of our nice partners wanted to know if was true in that all we received for buying R Betty Graybull {our stakes winning mare} was $6,000 (10%)? Our answer was YES as we own 10% of her. He didn't think it was enough!
Certainly when she's now worth one hundred thousand dollars as a racehorse broodmare prospect. She has a very bright future as a broodmare {annuity for our wonderful partners} when her racing career is over. With Uptowncharlybrown we were paid $5,700 {10%}. He's now worth millions.
We need to be good at what we do in discovering unpolished diamonds in the rough. At FLS, management receives a ten percent fee on the purchase price of each horse bought, plus a ten percent interest in the horse(s).
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Bob says, "We're always looking for prospects capable of turning into top stake horses. If we only find one or two horses per season that fit our criteria then that's all we buy!
We always have a long list of potential investors, many who waited just a little bit too long each season. We're very proud of our communication skills in which we send out daily E-mails on all of our horses to all partners, No other competitor does that."
"We need to be good at what we do, because if not, we've placed a great deal of time and effort for virtually nothing. Instead of taking our money up front without risk, as our competitors do, we're in there with you the entire way sharing the risk."
Selecting the right horse(s) takes a great deal of time and effort. As we've said, we need to be good at what we do. We're that confident in our approach, and more importantly, in developing stake caliber horses.
Most FLS horses are sold-out within 24 hours of purchase as partners enroll early on. We do hope that you decide to join us! |
In loving memory to my best friend and brother
Trainer Alan Seewald
25 Wonderful years together. I will never forget you.
Click here: YouTube - TVG in honor of Alan Seewald.wmv
Uptowncharlybrown, trained by Alan Seewald
  
Bob & Alan get their game faces on when one of our horses is racing in a stake.
And our wonderful FLS Partners: Hoot, Scream, Hug & Kiss when we win!
It's always nice to be on the winning team!
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